Banco Galicia $70.1 Million Notes Offering

Beccar Varela advised Banco de Galicia y Buenos Aires SAU on the issuance of Class VII notes, worth AR$4.182.280.000, carried out under the Prospectus On Stages for a maximum issuance amount of up to US$2,100,000,000, under the simplified Frequent Issuer Regime.

The offerign took place on November 25. In this case, for the first time, Banco Galicia assumed the role of Frequent Issuer.

Class VII notes maturity date will take place on May 25, 2020. They will accrue interest at a Badlar Privada rate +4%.

Banco Galicia acted as issuer, organizer and placement agent. The main objective of the entity with this issuance was to diversify the source of financing, extending its term and offering institutional investors a short-term investment alternative.